LCC has various meanings in the Governmental & Military category. Discover the full forms, definitions, and usage contexts of LCC in Governmental & Military.
An accounting method of costing where expenses are allocated over the life of the product. Life cycle costs are often lower for stainless steel than for alternatives despite a higher initial outlay, because stainless products generally last longer and require little maintenance.
Governmental & MilitaryWhole-life cost, or Life cycle cost, refers to the total cost of ownership over the life of an asset. Also commonly referred to as "cradle to grave" or "womb to tomb" costs. Costs considered include the financial cost which is relatively simple to calculate and also the environmental and social costs which are more difficult to quantify and assign numerical values.
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